Kirkland Lake Gold (TSE:KL) had its target price cut by Canaccord Genuity from C$55.00 to C$53.00 in a research note published on Wednesday, BayStreet.CA reports.
Other research analysts also recently issued reports about the stock. Roth Capital downgraded shares of Kirkland Lake Gold from a buy rating to a neutral rating in a research note on Thursday, October 10th. TD Securities cut their price target on shares of Kirkland Lake Gold from C$62.00 to C$59.00 and set a hold rating on the stock in a report on Tuesday, November 26th. CIBC cut their price target on shares of Kirkland Lake Gold from C$73.00 to C$60.00 and set a neutral rating on the stock in a report on Tuesday, November 26th. Finally, National Bank Financial set a C$48.00 price target on shares of Kirkland Lake Gold and gave the company an underperform rating in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Kirkland Lake Gold presently has an average rating of Hold and a consensus price target of C$60.36.
KL traded down C$0.80 during midday trading on Wednesday, reaching C$57.88. 454,257 shares of the company’s stock were exchanged, compared to its average volume of 891,671. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.08 and a quick ratio of 1.93. The stock has a market capitalization of $12.30 billion and a PE ratio of 24.62. The business’s 50-day moving average price is C$56.02 and its 200 day moving average price is C$59.18. Kirkland Lake Gold has a 1-year low of C$34.43 and a 1-year high of C$67.87.
Kirkland Lake Gold (TSE:KL) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$1.11 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.00 by C$0.11. The firm had revenue of C$503.57 million during the quarter, compared to analyst estimates of C$494.73 million. As a group, analysts expect that Kirkland Lake Gold will post 2.8399999 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, January 13th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date was Monday, December 30th. This is a positive change from Kirkland Lake Gold’s previous quarterly dividend of $0.05. Kirkland Lake Gold’s dividend payout ratio is currently 5.93%.
About Kirkland Lake Gold
Kirkland Lake Gold Ltd. engages in the acquisition, exploration, development, and operation of gold properties. It owns and operates four underground gold mines, including the Macassa, Holt, and Taylor mines located in northeastern Ontario, Canada; and the Fosterville Mine located in Victoria, Australia, as well as three milling facilities in Canada and Australia.
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